[Modern Treasury Applies to OCC to Establish National Trust Bank] Payment infrastructure company Modern Treasury has submitted an application to the Office of the Comptroller of the Currency (OCC), planning to establish Modern Treasury National Trust Bank to obtain qualifications for digital asset custody and fiat currency services. Co-founder and CEO Matt Marcus stated that stablecoins are foundational economic infrastructure for the future, and the company has already integrated them into its payment platform. If approved, the entity will operate as a federally regulated limited-purpose national trust bank, allowing customers to hold and transfer stablecoins and fiat currency, but will not engage in stablecoin issuance or loan services. (Source: Office of the Comptroller of the Currency)